Market Update for August 9, 2018
In today's video:
1) Apple (AAPL) and Amazon (AMZN) lead the Nasdaq Composite Index to an eighth straight day of gains after another quiet day on Wall Street. The Dow Jones Industrial Average dropped 74.52 points, the S&P 500 fell 4.12 points while the Nasdaq 100 closed higher by 3.46 points and the Russell 2000 finished higher by 4.01 points.
2) Gold Futures dropped $1.30 as the U.S. dollar continued to gain strength while Crude Oil Futures dropped slightly today closing down just $0.24 at the official close. The U.S. Labor Department announced that producer prices rose less-than-expected resulting in higher prices and lower yields for Bonds.
3) AMZN continues to hire and the company's share price continues to climb. This is a monster stock with a great deal of upside potential. Many Traders are wondering when it's massive bull run will end, but so far, there is no end in sight.
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
